ginfrix

EURJPY Trade Idea (Downward Channel)

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY has been in consolidation in 133.700 to 134.000 for some time now and now forming a downward channel .
With no significant economic news release today, we expect price movement to be more on the technical side.
A break in the 133.700 move will be more favorable for our bias.

EURJPY Trade Idea

Sell Entry : 133.870
Stop Loss : 134.070
TP : 133.375
RRR: 2+

Stop loss at price 134.070, a break in this price level will trigger a bullish move for the pair to 135.000 level

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